A loan of $3,200 helped a member to buy an electric, refrigerated display case.

Esperanza Group's story

This communal bank is called “Esperanza” and it has 18 entrepreneurs who carry out a variety of lines of work among which are clothes sales, running an Internet café (a public place with access to the Internet), bookstore, fast food production, pastry shop and clothes making, among others; all are from the city of Chillán.

Maribel is a member of the communal bank who is seated in the first row in the photo first from left to right; her hair is dark brown and she’s wearing brown pants. She runs a grocery and beverage shop. She comments that she’s had this business for the last five months. She works full time since she works from 8am until 10pm, Monday to Sunday. She must follow this schedule because there is no other store for 3 kilometers and customer demand is high, a situation she notes optimistically because she has no competition. She has recently also added baking and selling bread. She buys her merchandise in wholesale supermarkets and from snack distributors.

She will use the loan to buy an electric, refrigerated display case to store her products to increase clientele and thus her income. Her goals are to expand her store to start her activities cycle since she now only has a temporary sales permit. She will also buy a kneader to make bread making easier.

Maribel lives with her husband and two children who are 6 years and one year and seven months old. Her dream at a personal level is to obtain a house of her own since she currently lives in a borrowed house and lot.

She is very happy and grateful for the economic support Fondo Esperanza has granted her. Besides, she feels very comfortable in the meetings they have because she shares experiences with other merchant members and also learns new administration strategies.

Chillán is a commune in south-central Chile. Its name means “Seat of the Sun” in Mapudungun, the language of the Mapuche indigenous peoples. Chillán is also known as the “Birthplace of the Nation” or “Land of Artists” because outstanding personages in Chile’s history were born here like the well-known pianist, Claudio Arrau, for example.

In this group: María Isabel, Ana María, María Cristina, Maribel, Elizabeth, Luz, Patricia, Rayner, Luis, María Eugenia, María, Elcira, María Elisa, Rosa, Sergio, Saray, Carla, Gloria

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Translated from Spanish by Kiva volunteer Polliz

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